Rising wedge challenges USDCAD bulls below 1.4000USDCAD retreats from the highest level in 29 months as bulls appear to run out of steam. That being said, the recent moves of oscillators and the rising wedge bearish formation on the top teases sellers at the multi-month top. However, a clear downside break of the stated pattern’s support line, around 1.3930 by the press time, as well as the smashing of the 100-SMA level of 1.3695, becomes necessary for the bears. Following that, a south-run towards the monthly low near 1.3500 seems quick on the way to the theoretical target of 1.3400. Alternatively, the 61.8% Fibonacci Expansion (FE) of the USDCAD pair’s moves between September 14 and October 05, around 1.3935, could lure the intraday buyers ahead of the aforementioned wedge’s top, close to the 1.4000 psychological magnet. In a case where the quote stays firmer past 1.4000, the 78.6% FE level near 1.4050 could challenge the upside momentum before directing the bulls towards the May 2020 peak surrounding 1.4175. Overall, USDCAD grinds higher inside a bearish chart formation to appear risky for the fresh long positions.by MTradingGlobalPublished 0
USDCAD shortA good shorting opportunity is incoming in USDCAD, as the prices have broke structure, just retracing to 0.5 levels before another fall, can get a good entry over here with the target mentioned on the chart.Shortby harshvardhans836Published 0
USD/CAD - SELLUSD/JPY break the up trend line or break the rising wedge pattern. Go for short trade. Shortby technoworld1Published 110
USDCAD DAILY TECHNICAL ANALYSIS Trading Ideas- Long positions above 1.3194 with targets at 1.3861 & 1.4168 Alternative scenario If price goes down 1.3194 look for 1.2956 & 1.2820 as targets. Supports and resistances 1.2956 & 1.2820 1.3861 & 1.4168Longby iigfm21Published 1
I Shorted "USD/CAD" Shorting USD/CAD , It broke trendline and retested the trendline. Lets see what happensShortby sura_jitPublished 112
USDCAD 1HRNext Possibility Move Will Be 1.36800 to 1.37000 Support Then Again Upside Move Will Be 1.38000 to 1.38200 Daily Resistance Label. It can be a Good Zone For Shortopportunity if Price Face The label But Every Think Depend On What kind of market reacts to this label. DISCLAIMER: Before you invest/trade forex, please do your own research as I won't be held responsible for anything that goes wrong.by uniquemailus123Updated 3
USDCAD will fall?This is risky Before entering the trade do your own research!Shortby SMC_WYCKOFF_TRADERPublished 2
{GOOD SELL UPPORTUNITY IN USDCAD 1D ANALYSIS}Look like the usd index is dropping speedly, so we can expect the fall more. Use proper risk management !Happy TradingShortby LossAndProfitPublished 0
buy for usdcadgood but setup for usdcad buy zone+2channels + weak candels by aabbddoouu2003Published 3
USDCAD DAILY TECHNICAL ANALYSIS Trading Ideas- Long positions above 1.3194 with targets at 1.3861 & 1.4168 Alternative scenario If price goes down 1.3194 look for 1.2956 & 1.2820 as targets. Supports and resistances 1.2956 & 1.2820 1.3861 & 1.4168Longby iigfm21Published 0
USDCAD BULLISHUSDCAD outlook, USDCAD rally continues as oil plunges lowerLongby nicomukisa4Published 1
rahul kumar sahanithis area is very important for usdcad in daily tf because of if formation is create inverse cup and pattern then strong buyby sahni8513Published 0
USDCAD DAILY TECHNICAL ANALYSIS Trading Ideas- Long positions above 1.2948 with targets at 1.3397 & 1.3555 Alternative scenario If price goes down 1.2948 look for 1.2820 & 1.2684 as targets. Supports and resistances 1.2820 & 1.2684 1.3397 & 1.3555Longby iigfm21Published 0
USDCADFed"s rate decision is already priced in. Expecting short from this zoneShortby DailypipsonlinePublished 1
#usdcad: long positionAfter breakout of resistance levels, we expect the pullback to breakouts levels and continue the up trend.Longby SAMIMOREZPublished 0
USDCAD DAILY TECHNICAL ANALYSIS Trading Ideas- Long positions above 1.2810 with targets at 1.3234 & 1.3396 Alternative scenario If price goes down 1.2810 look for 1.2685 & 1.2521 as targets. Supports and resistances 1.2685 & 1.2521 1.3234 & 1.3396Longby iigfm21Published 0
usdcad buy setup found with elliott wave usdcad buy setup found with elliott wave usdcad buy setup found with elliott wave Longby TradersTrustedacademyPublished 3
USDCAD DAILY TECHNICAL ANALYSIS Trading Ideas- Long positions above 1.2810 with targets at 1.3234 & 1.3396 Alternative scenario If price goes down 1.2810 look for 1.2685 & 1.2521 as targets. Supports and resistances 1.2685 & 1.2521 1.3234 & 1.3396Longby iigfm21Published 1
USDCAD bulls struggle ahead of BOC, Canada employment dataUSDCAD again battle with the resistance line of an upward sloping trend channel since late October 2021. Given the rebound in oil prices and RSI pullback, the Loonie pair is likely to witness further declines ahead of the key data/events from Canada. That said, a three-week-old support line and the 100-DMA, respectively around 1.3000 and 1.2860, appear strong challenges for the short-term bears. Also acting as important support is the previous monthly low near 1.2730-25. It should be noted, however, that the quote’s weakness past 1.2725 remains elusive unless the sellers defy the bullish channel, via a downside break of the 1.2600 support. Meanwhile, a successful upside break of the stated channel’s resistance line, at 1.3180 by the press time, will defy the bullish chart pattern. Following that, the yearly top marked in August, close to 1.3225, will precede the 61.8% Fibonacci Expansion (FE) of October 2021 to August 2022 moves near 1.3300 should challenge the bears. In a case where the USDCAD bulls dominate beyond 1.3300, highs marked during October and September of the last year, around 1.3390 and 1.3420 in that order, will be in focus. Overall, USDCAD bulls are running out of steam ahead of the all-important Bank of Canada (BOC) rate hike and the monthly employment data from Canada.by MTradingGlobalPublished 0
USDCAD 15 MINUTES TIMEFRAME ODRhello traders , here is the full multi time frame analysis for this pair, entry based on supply and demand , comment section below if you have any questions, This is not a financial advice by diwan88Published 0
USDCADOnly for educational purposes. I am not responsible for your losses, Before taking your trade please analysis and take your own decisionsShortby KanagamUpdated 0
USDCAD IN ASCENDING PARALLEL CHANNELUSD-CAD is in a parallel ascending channel since 19th July. It's very much respecting the support and resistance lines. Once again it's touching the resistance line. I'll wait for it to test the price around the resistance level and then probably get into the position once the RSI and Stochastic for 1h and 2h are oversold or go up. Stop Loss: 1.32337 (I've kept it a bit above last high in the channel.) Take Profit 1 : 1.30279 Take Profit 2 : 1.29465 Shortby amanshu-katariaPublished 0